Grayscale Points to Crypto Opportunities Beyond Bitcoin
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Grayscale says lower correlations across crypto assets could make individual token selection more important as the market broadens.
Crypto asset manager Grayscale says the digital asset market is developing opportunities beyond bitcoin as different sectors evolve with distinct business models, adoption trends and token structures.
In analysis highlighted on Nov. 12, the firm said correlations among crypto assets have been declining, potentially increasing the importance of assessing individual projects rather than viewing the market as a single bitcoin-led trade.
Grayscale also cautioned that crypto assets remain exposed to broad market risks, meaning greater differentiation between tokens does not eliminate factors that can affect the sector as a whole.
Source: Bitcoin.com News
